Top Analyst Upgrades and Downgrades: Apple, Amazon, GE, Nokia and More

Stocks have recovered from a recent sell-off, and investors and traders alike are looking for ideas about which stocks to buy, sell and avoid. 24/7 Wall St. reviews dozens of Wall Street analyst research reports each morning in order to find fresh ideas with stocks to buy and stocks to sell. These are this Wednesday’s top analyst upgrades, downgrades and initiations seen from Wall Street research firms.

Amazon.com Inc. (NASDAQ: AMZN) was started as Neutral with a $330 price target at Wedbush.

Apache Corp. (NYSE: APA) was downgraded to Neutral from Buy at UBS.

Apple Inc. (NASDAQ: AAPL) was downgraded to Neutral from Buy by Bank of America’s Merrill Lynch. Credit Suisse also downgraded Apple to Neutral from Outperform with a $525 price target. Canaccord Genuity reiterated its Buy rating and raised its price target on Apple to $550 from $530. UBS downgraded Apple to Neutral from Buy.

E*TRADE Financial Corp. (NASDAQ: ETFC) was reiterated as Buy, but the price target was raised to $19.50 from $16.50, at Sterne Agee, making the third or fourth such price target upgrade in as many days, but what stands out here is that this appears to now be a “street-high” price target.

General Electric Co. (NYSE: GE) was reiterated as Buy with a $28 price target at Argus as the firm said, “Even using a conservative estimate of GE’s cash flow, earnings and dividend growth, the shares appear undervalued.”